Regions
Luxurious Jazz Lounge Opens in Qatar’s First St. Regis Hotel
The St. Regis Hotel & Resorts has announced October 4th as the official opening date of Jazz at Lincoln Center Doha, a luxurious jazz lounge in Qatar’s first-ever St. Regis hotel.
American Realty Capital New York Recovery REIT Acquires Brooklyn Condo
American Realty Capital New York Recovery REIT Inc. recently purchased The 163 Washington Condominiums, consisting of 50 rental units and a 36-space parking facility in Brooklyn, N.Y., for $31.5 million.
Economy Watch: U.S. Economy Dragging, Texas Shows Some Pep
Two different branches of the Federal Reserve issued economic reports on Monday, one not particularly sanguine about the U.S. economy, the other more hopeful about a region whose relatively strong economy has gotten some attention lately.
Louisville Apartment Property Trades for $22.5M
The Chicago-based Infinity Group has sold Vieux Carre Apartments, a 326-unit complex in Louisville, for $22.5 million.
TODAY’S DEALS: ARA Closes an Equity Raise for a Houston Development
ARA sources JV equity for an Alliance development; Northwestern Mutual sells a 137-unit asset in Medford, Ma.; and NorthMarq Capital arranges a $14.5 million Freddie Mac mortgage.
South Mississippi Housing and Development Corp. and The Michaels Organization Break Ground on Affordable Community
South Mississippi Housing and Development Corp. and The Michaels Organization have broken ground on McIntosh Homes, an independent-living affordable housing community for seniors in Gulfport, Miss.
Construction Process Underway on Charlestown Crossing
Charlestown Crossing, an apartment community that represents the first joint venture between The Dolben Company Inc. and Klein Enterprises, is on track for delivery of first units in April 2013, and completion of construction a year later.
Economy Watch: Unemployment Edges Up in 26 States, Down in 12
The U.S. Bureau of Labor Statistics reported on Friday that regional and state unemployment rates had little change in August.
Chicago-based REIT Acquires 235-Bed Student Housing Property in St. Paul
By Gabriel Circiog, Associate Editor Chicago-based real estate investment firm Harrison Street Real Estate Capital has closed on a 235-bed student housing property dubbed Stadium Village Flats, the Minneapolis / St. Paul Business Journal reports. Situated at the University of Minnesota in St. Paul, the Stadium Village Flats were sold by the Opus Group. The […]
TODAY’S DEALS: MAA Enters Kansas City Market with 323-Unit Purchase
MAA enters Kansas City; Bluerock completes a disposition in Austin; and Boston Capital invests in an affordable seniors development in West Roxbury, Ma.